From 2023 to June 2024, the UAE saw an impressive $34 billion increase in cryptocurrency investments, a 42% rise from the previous year. Bitcoin continues to play a key role, making up 19% of the market, while stablecoins like Tether dominate with 51%. The UAE has also accumulated $40 billion in Bitcoin holdings, demonstrating its strong support for the digital asset.
Initiatives such as the newly opened crypto center in Dubai are helping to foster blockchain startups and further grow Bitcoin reserves in the country.
The growing interest in cryptocurrencies is also reflected in a recent survey by eToro, which revealed exciting plans among retail investors in the UAE. The study, conducted with 1,000 participants, found that 37% of UAE investors plan to increase their cryptocurrency investments in 2025. This shows a growing confidence in digital assets as an important part of financial strategies moving forward.
While cryptocurrencies are gaining popularity, they are not the only investment choice. Around 40% of UAE investors are planning to diversify their portfolios into traditional assets, such as stocks, bonds, and commodities. Real estate also remains a popular option, with 38% interested in property investments.
UAE investors are taking proactive steps to meet their financial goals. Over half (51%) plan to save more UAE investors are making proactive decisions to reach their financial goals. More than half (51%) plan to save more and invest regularly, while 41% are focusing on better budget management. Many are adjusting their lifestyles by cutting back on expenses like dining out, and 32% are even considering side businesses or part-time work for extra income. Additionally, 28% are exploring career changes to increase their earnings.
The survey also reveals that personal growth is a priority for many investors. About 41% are focused on self-improvement, and 34% are prioritizing their health and well-being. Common goals include staying fit, advancing in their careers, and strengthening family and social connections.
George Naddaf, eToro’s regional manager, highlighted that these resolutions reflect a forward-thinking mindset among UAE investors. While financial security remains a key goal, the adaptability to technological change shows how the UAE is positioning itself to become the world’s leading crypto hub by 2025.
On a larger scale, the crypto market is bouncing back after a two-day dip. The total market cap has risen by 2.48%, reaching $3.37 trillion. Despite a 42.36% drop in daily trading volumes, down to $207.62 billion, market sentiment remains positive, with the Fear & Greed Index showing a “Greed” score of 62. Bitcoin, currently trading at $97,252.93, has seen a slight gain of 0.11% in the last 24 hours.
Bitcoin is a trillion-dollar industry and at present more profitable than traditional financing methods hence all the countries are eyeing this industry to retain their crypto investors.
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